By Product Type
- Lab-on-chip/microfluidic diagnostics
- Microfluidic Analyzers
- MicrofluidicCartridges
- Other Quantifiable POC diagnostics
- POC Analyzers
- Reagents and Assays
By Technology
- Point of Care Lab on Chip Technology
- Electrochemical LOC POC Technology
- Optical POC LOC Technology
- Non Lab on Chip Point of Care Technology
By Application
- Cardiac Biomarker Detection
- Single Biomarker Assay
- Troponin
- Brain Natriuretic Peptide (BNP)
- Other Cardiac Biomarkers
- Multiplexed Panel Assay
- Inflammatory Biomarker Detection
- Other Biomarkers
- Emerging Biomarkers
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
The market is segregated into product, technology and region. The product segment is fragmented into microfluidic diagnostic, POC analyzers, reagent and assay. The microfluidic diagnostic segment is predicted to account for the largest microfluidic immunoassay market share during the forecast period. The microfluidic system has the cartridge as the core component that helps in integrating the storage of reagents, fluid handling components and biosensor array. Sub-components like microchannels, microfilters, microvalves, micropumps are integrated on one chip to control and analyse biological constituents at a micron level. The cost of the cartridge depends on the material type, reagent used and design type. The technology segment is bifurcated into point of care lab on chip technology and non-lab on chip point of care technology. The point of care lab on chip technology is predicted to lead the market owing to the rising demand for miniaturising the process of microfluidics and to obtain effective results.
The North America region is anticipated to dominate the market owing to the increased adoption of immunoassay technology with the emergence of lab-on-chip technology and the rising disposable income. However, the Asia Pacific region is predicted to proliferate at a quicker rate during the forecasted timeframe. With improvements in the healthcare infrastructure, rise in the innovation pertaining to microfluidics and the business expansion of key players in the region.